MultiversX Tracker is Live!

For someone who were buying at 3k-5k, people who say 55k$ is dip is hilarious

All Cryptocurrencies

by COINS NEWS 187 Views

This isn't a dip. What happened to this sub? Either 90% people here or at age 15 trying crypto first time or you really like to FOMO and panic sell.

For people who watched BTC for over 5+ years will know that BTC many times crashes %70 %80 in 12 hours. You would wake up to see BTC is down %50 then you went to sleep.

Always think about percentages, not numbers. 5k$ means nothing when BTC is 50k$. That's %10. That's nothing. When BTC goes to 55k$ from 5k$, you're making %10 gain. Not 5k$. Don't look at the price. Look at the change.

Secondly, if you wanna know when it's bear market I have an clue for you: It's when people (who now says they are HODLers) starts to open threads in r/cc about their mental health and leaving crypto for it.

You will never time the market. You see people thought BTC would never hit 10k$ again when it hit 20k$ ATH first time. Then it went down to 10k$, 8k$, then crashed %70 like 12 hours to 3.5k$. No one thought that bull run would be %100 erased. It did. It took like 3 years to bear market reverse but in that time, %99 "hodlers" got off the train.

Same thing would happen if bear market starts. BTC would hit 30k$. You guys would buy thinking it's dip from %50 off from ATH. It would dip even more. Panic sell starts, even strong hands turn into weak. Then new bull cycle starts.

I remember buying at 5k$ (after 20k$ ath in bear market) and came to this sub, there was absolutely no one. Not even 1k online people LOL. Now everybody gives hope in %1 changes here. No one can here has idea how BTC price works.

But I can tell you one thing, buy BTC a lot when you have no one to talk in this sub

submitted by /u/mercedeskyron
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments